Is Hyster-Yale Materials Handling, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Hyster-Yale Materials Handling, Inc. has moved from attractive to expensive, indicating a shift towards overvaluation. The company is currently considered overvalued based on its P/E ratio of 6, which is significantly lower than the peer average of 15.05, and its EV to EBITDA ratio of 3.50, which also lags behind the industry standard. Additionally, the Price to Book Value stands at 1.43, suggesting that the stock is priced higher than its book value, further supporting the overvaluation thesis.
In comparison to its peers, Energy Recovery, Inc. is rated fair with a P/E of 31.92, while Kornit Digital Ltd. and Ichor Holdings Ltd. are categorized as risky, indicating a wide disparity in valuation metrics within the sector. Although specific return data is not available, the recent stock performance of Hyster-Yale Materials Handling, Inc. compared to the S&P 500 reinforces the notion of overvaluation, as the company appears to be underperforming relative to broader market trends.